Read that with a grain of sand in the eye. When pogey runs out, Stats
Can drops the person from the lists so how does one know what the real
unemployment rate is? Yes some jobs have been added but more people have
entered the work force (youth, immigrants, and some of those who should
be retired but have been forced back to work by the present conditions).
So, who gets left out and who is keeping tabs on them?
Darryl :'(
Ed Weick wrote:
Making a bad situation sound as good as possible
Ed
*
------------------------------------------------------------------------
*
*Jobless rate dips to 9-month low*
TAVIA GRANT
From _Saturday's Globe and Mail_ Published on Saturday, Feb. 06, 2010
12:00AM EST Last updated on Saturday, Feb. 06, 2010 4:16AM EST
Canada's economy created 43,000 jobs in January, nudging the jobless
rate to a nine-month low of 8.3 per cent and providing encouragement
that the country's employment picture is steadily brightening.
It was the fourth gain in jobs in six months - and a stark contrast to
the same month last year, when employers shed a record 130,000
positions. The country's young people are also beginning to find work,
Statistics Canada reported yesterday.
*The good news, however, masked some sobering facts: All of the new
jobs last month were in lower-paying part-time positions.* *The
goods-producing side of the economy continues to hemorrhage jobs. And
underemployment - the number of discouraged workers or people with
part-time jobs who want full-time work - hit 12.3 per cent, compared
with 11 per cent a year ago.*
Temporary employment agencies, which tend to be leading indicators of
labour market trends, confirm the slow pace of improvement.
*"Most companies we're working with are still on the yellow light, not
the green light yet, in making hiring decisions,"* said Craig Brown,
general manager for Canada at Spherion Staffing Services. "It's better
than last year. But not full-bore ahead."
Hiring is picking up at accounting and IT positions at financial
firms, and logistics firms are ramping up this month, Mr. Brown said,
adding that his company is hiring across the country.
*More broadly, employment centres, security services and travel
agencies led last month's job gains, Statscan said. Goods producers,
such as factories and utilities, cut jobs.*
"Even part-time, retail jobs for youth are better than seeing nothing
at all," said Avery Shenfeld, chief economist at CIBC World Markets
Inc. "We'll take what we can get in the early stages."
Some temporary factors may be juicing the numbers, suggesting jobs
reports will continue to be bumpy. *British Columbia posted 12,000 new
jobs last month, partly thanks to Olympic-related hiring in retail,
food and accommodation.* And health-care positions, which swelled with
the nationwide H1N1 vaccination program, may subside as the program
winds down.
Average monthly job growth in the November-to-January period is now
29,000, according to Toronto-Dominion Bank.
Still, *the recession has vaporized 280,000 jobs from the economy*, a
loss that remains a central concern to policy makers in Ottawa. Prime
Minister Stephen Harper said last month that job creation is a key
priority for his government this year and that "more has to be done"
on that front.
Worries remain about whether the private sector will start hiring
again as stimulus spending fades and interest rates rise. In recent
weeks, some companies such as Vidéotron Ltée, SAS Canada and Garda
World Security Corp. have all announced hiring plans.
And they're being swamped with potential workers. Globalive
Communications Corp., for example, received 6,000 job applications
before it posted any openings. The Toronto-based wireless company
plans to hire 400 people this year, adding to its existing 700 staff.
"We're confident about the coming year," said Marieta Mendoza, head of
recruitment. "It's only going to get brighter from here."
******
CANADIAN LABOUR SNAPSHOT
JANUARY, 2009
Jobs lost: 130,000 - the most on record.
Jobless rate: 7.3 per cent
JANUARY, 2010 Jobs created: 43,000 Jobless rate: 8.3 per cent, down
from 8.4 per cent a month earlier
By sector
Business, building and other support services, along with retail and
wholesale trade were the main drivers of employment increases last
month. Losses occurred in professional, scientific, and technical
services, while manufacturing and agriculture also shed workers. By
age Women aged 25 to 54 and young people drove last month's gains.
Youth jobs rose by 29,000, the first real increase since the labour
market started its decline, pushing down their unemployment rate to
15.1 per cent from 16 per cent. Older women have the lowest jobless
rate, at 5.6 per cent. Part-time/Full-time
Part-time employment climbed by 41,500 new positions last month,
returning it to the level of six months ago. Full-time employment rose
by only 1,400, though it has been increasing over the past half year.
Private/Public
The private sector created 53,700 positions last month; the public
sector added 13,400 jobs. Self-employment, which swelled throughout
the past year as people had few other income options, fell by 24,000
positions.
Source: Statistics Canada
------------------------------------------------------------------------
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